Search Results

SORT BY: PREVIOUS / NEXT
Keywords:Transparency 

Working Paper
Screening and adverse selection in frictional markets

We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts. We develop a methodology that allows for a sharp analytical characterization of the unique equilibrium and then use this characterization to explore the interaction between adverse selection, screening, and imperfect competition. On the positive side, we show how the structure of equilibrium contracts?and, hence, the relationship between an agent?s type, the quantity he trades, and the corresponding price?is jointly determined by the severity ...
Working Papers , Paper 16-10

Speech
Supervisory reform for global banks

Remarks at the Center for Transnational Legal Studies Seminar on the Impact of U.S. Regulatory Reform on Global Banks, New York City.
Speech , Paper 96

Conference Paper
The role of financial reporting in reducing financial risks in the market

Conference Series ; [Proceedings] , Volume 44 , Issue Jun , Pages 89-112

Journal Article
The global battle over central bank independence

Central Banker , Issue Spring

Speech
Conducting monetary policy: rules, learning and risk management

Remarks at the C. Peter McColough Series on International Economics, Council on Foreign Relations, New York City.
Speech , Paper 82

Journal Article
A quarterly monetary policy report would improve Fed communications

The Regional Economist , Issue Apr

Report
An analysis of OTC interest rate derivatives transactions: implications for public reporting

This paper examines the over-the-counter (OTC) interest rate derivatives (IRD) market in order to inform the design of post-trade price reporting. Our analysis uses a novel transaction-level data set to examine trading activity, the composition of market participants, levels of product standardization, and market-making behavior. We find that trading activity in the IRD market is dispersed across a broad array of product types, currency denominations, and maturities, leading to more than 10,500 observed unique product combinations. While a select group of standard instruments trade with ...
Staff Reports , Paper 557

Speech
Transparency and monetary policy

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, University of California, Santa Barbara Economic Forecast Project 2012, May 3, 2012
Speech , Paper 69

Working Paper
Why do U.S. cross-listings matter?

This paper investigates the underlying determinants of home bias using a comprehensive sample of U.S. investor holdings of foreign stocks. We document that U.S. cross-listings are economically important, as U.S. ownership in a foreign firm roughly doubles upon cross-listing in the United States. We explore the cross-sectional variation in this "cross-listing effect" and show that increases in U.S. investment are largest in firms from weak accounting backgrounds and in firms that are otherwise informationally opaque, indicating that U.S. investors value the improvements in disclosure ...
International Finance Discussion Papers , Paper 930

Working Paper
Screening and Adverse Selection in Frictional Markets

We incorporate a search-theoretic model of imperfect competition into a standard model of asymmetric information with unrestricted contracts. We characterize the unique equilibrium, and use our characterization to explore the interaction between adverse selection, screening, and imperfect competition. We show that the relationship between an agent?s type, the quantity he trades, and the price he pays is jointly determined by the severity of adverse selection and the concentration of market power. Therefore, quantifying the effects of adverse selection requires controlling for market ...
Working Papers , Paper 17-35

FILTER BY year

FILTER BY Content Type

Speech 12 items

Working Paper 9 items

Journal Article 7 items

Conference Paper 3 items

Discussion Paper 2 items

Report 1 items

show more (1)

FILTER BY Author

FILTER BY Jel Classification

E58 3 items

D41 2 items

D42 2 items

D43 2 items

D82 2 items

D83 2 items

show more (10)

FILTER BY Keywords

Monetary policy 12 items

Federal Open Market Committee 4 items

Federal Reserve System - Independence 3 items

Financial crises 3 items

Financial stability 3 items

show more (68)

PREVIOUS / NEXT